On August 31, 2016, Phoenix Contact GmbH & Co. KG closed on
its acquisition of Perle Systems Limited, its first Canadian
acquisition. The value of the transaction is undisclosed.

Phoenix Contact is a German-based manufacturer of industrial
automation, interconnection and interface solutions that operates
globally with a workforce of 14,500 employees and annual revenues
of approximately
€2 billion.

Perle Systems is a manufacturer of serial to ethernet, fiber to
ethernet, I/O connectivity and device networking hardware.

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